Business sentiment 21% vs 17% priorFirms’ sales outlooks are mostly unchanged from last quarter and remain more pessimistic than average Businesses tied to discretionary spending reported particularly weak
sales expectations, while those tied to essential spending see
population growth continuing to benefit their sales.Investment spending plans also remain below averageThe share of firms reporting labour shortages is near survey lowsFuture sales indicator -1 vs +4 prior
Firms tied to discretionary spending:
This is a red alert for the Canadian jobs market as the share of companies seeing labor shortages falls to survey lows.
This article was written by Adam Button at www.forexlive.com.
